Swissco's judicial managers assessing five indicative bids

THE interim judicial managers of oil-and-gas services provider Swissco Holdings said on Tuesday it is assessing five indicative bids, and formal bids are expected by the second week of April. The bids were whittled down from 12 non-binding expressions of interest.

The judicial managers have been directed by the court to file a further report by April 12. The hearing of the applications by the company and its unit has been adjourned to April 21.